European markets close mixed, mirroring global sentiment at start of trading week
European stocks closed mixed on Monday, mirroring muted trading in global markets.
The pan-European Stoxx 600 ended the session slightly below the flatline, with autos shares falling 1.6% to lead losses while bank stocks rose 0.7%.
European markets received a cautiously positive handover from Asia-Pacific on Monday, with investors watching Alibaba’s stock in Hong Kong following yet another development between affiliate Ant Group and billionaire founder Jack Ma.
Hong Kong-listed shares of Alibaba slipped 1.53% on Monday after Ant Group said in a tweet that a recent report by Reuters that the firm was looking at ways for Jack Ma to exit were “untrue and baseless.”
Reference: CNBC
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